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DEED OF TRUST oa4B5/ /CSe20
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<br />Recordings Requested by 8
<br />TED L MERITXEW When Recorded Return To* i TRa Nri ITNEW, NARY ELLEN XERITXCW. Nbd AAd ANO WIPE
<br />US Recordings, Inc.
<br />uaz scaeN ...loppe 2925 Country Drive Ste 201
<br />St. Paul, . MN 55117 Auoness >.
<br />1359 LARLAT GN � � Z$ 57,pg
<br />ORAND ISLAND, NE as 033230
<br />rupee[.: V.B. BANK NATIONAL AeeOCIATION ND
<br />4325 17TH AVENUE AN, FARGO, ND salli
<br />n bonsideratme of the loan or other credit eccommotlation hereinafter specified antl any future advances or future Cbligations, as defined
<br />herein, which may hereinafter be advanced or incur red and the trust hereinafter mentioned and other good and valuable consideration, lire
<br />inept arid sufficiency of which are hereby at, IN TRUST Grantor hereby Irrevocably warrants, and sells, transfers, grants, conveys and
<br />sslyns to Trustee, his rs antl assigns, IN THUST WITH POWER OF SALE for the benefit antl security of _..
<br />a ucc
<br />� Nn a, this _ w _ 1' Lentler" ), the
<br />Grantor beneficiary under this Deed of Trust, under and sublet[ t the terms and conditions herein set n forth,
<br />Sch with right of entry and possession ell of
<br />Grantor's present and future estate, right, bile and interest in and to the Taal property improvements in Schedule A which is attached to this Dead of
<br />Trust and Iithoutratetl herein l this reference, together with ell presort and future improvements antl fixtures: all tangible persons) property
<br />Including without limitation all n connection equipment, building materials, and goods of every nature (end; privileges, consumer goods) now or
<br />hereafter located in on or used in connection with the real property, whether or not ev lousl to the land; privileges, reretoth a Pro and
<br />from theme Including all development rights susceptible with the Property, whether previously r subsequently transferred to the Properly
<br />from other real property a now or hereafter susceptible of voir an from this Property t other real property; leases, Ilcenses and other
<br />agreements; rents, issues and profits; water, well, ditch, reservoir and ed for rights and stocks pertaining to the real property (cumNatiuntil
<br />"Property "h to have and to hold the Property and the rights hereby granted for the use and berate[ of Lender, his successors and assigns, until
<br />payment 'm full of all Obllgatlona eaaured hereby.
<br />Moreover, an further consideration Grantor does, for Grantor and Grantor's heirs, representatives and assigns, hereby expressly warrant,
<br />v ant, and agree all Lender antl Trustee and their successors and assigns as follows:
<br />1. OBLIGATIONS. This Deed of Trust shall secure the payment and performance of all present antl future Indebtedness, liabilities, obligations
<br />and covenants of Borower or Grantor (cumulatively "Obligations ") to Lender pursuant to:
<br />(a) this Deed of Trust and the following promissory notes and other agreements,
<br />PAINCIPAL AMOUNT? ,
<br />CBEVIT LIMN"
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<br />A�e4M1NP GATE
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<br />28,750.25
<br />02/11/02
<br />02/20/22
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<br />DEED OF TRUST oa4B5/ /CSe20
<br />W
<br />Recordings Requested by 8
<br />TED L MERITXEW When Recorded Return To* i TRa Nri ITNEW, NARY ELLEN XERITXCW. Nbd AAd ANO WIPE
<br />US Recordings, Inc.
<br />uaz scaeN ...loppe 2925 Country Drive Ste 201
<br />St. Paul, . MN 55117 Auoness >.
<br />1359 LARLAT GN � � Z$ 57,pg
<br />ORAND ISLAND, NE as 033230
<br />rupee[.: V.B. BANK NATIONAL AeeOCIATION ND
<br />4325 17TH AVENUE AN, FARGO, ND salli
<br />n bonsideratme of the loan or other credit eccommotlation hereinafter specified antl any future advances or future Cbligations, as defined
<br />herein, which may hereinafter be advanced or incur red and the trust hereinafter mentioned and other good and valuable consideration, lire
<br />inept arid sufficiency of which are hereby at, IN TRUST Grantor hereby Irrevocably warrants, and sells, transfers, grants, conveys and
<br />sslyns to Trustee, his rs antl assigns, IN THUST WITH POWER OF SALE for the benefit antl security of _..
<br />a ucc
<br />� Nn a, this _ w _ 1' Lentler" ), the
<br />Grantor beneficiary under this Deed of Trust, under and sublet[ t the terms and conditions herein set n forth,
<br />Sch with right of entry and possession ell of
<br />Grantor's present and future estate, right, bile and interest in and to the Taal property improvements in Schedule A which is attached to this Dead of
<br />Trust and Iithoutratetl herein l this reference, together with ell presort and future improvements antl fixtures: all tangible persons) property
<br />Including without limitation all n connection equipment, building materials, and goods of every nature (end; privileges, consumer goods) now or
<br />hereafter located in on or used in connection with the real property, whether or not ev lousl to the land; privileges, reretoth a Pro and
<br />from theme Including all development rights susceptible with the Property, whether previously r subsequently transferred to the Properly
<br />from other real property a now or hereafter susceptible of voir an from this Property t other real property; leases, Ilcenses and other
<br />agreements; rents, issues and profits; water, well, ditch, reservoir and ed for rights and stocks pertaining to the real property (cumNatiuntil
<br />"Property "h to have and to hold the Property and the rights hereby granted for the use and berate[ of Lender, his successors and assigns, until
<br />payment 'm full of all Obllgatlona eaaured hereby.
<br />Moreover, an further consideration Grantor does, for Grantor and Grantor's heirs, representatives and assigns, hereby expressly warrant,
<br />v ant, and agree all Lender antl Trustee and their successors and assigns as follows:
<br />1. OBLIGATIONS. This Deed of Trust shall secure the payment and performance of all present antl future Indebtedness, liabilities, obligations
<br />and covenants of Borower or Grantor (cumulatively "Obligations ") to Lender pursuant to:
<br />(a) this Deed of Trust and the following promissory notes and other agreements,
<br />PAINCIPAL AMOUNT? ,
<br />CBEVIT LIMN"
<br />.NDT6
<br />A�e4M1NP GATE
<br />MATUAITy
<br />" OATB
<br />.' LOAN
<br />'NUMesR ""r -
<br />.,,��..
<br />28,750.25
<br />02/11/02
<br />02/20/22
<br />00000510037443
<br />del all other present or future, written agreements with Lender that refer specifically to this Dead of Trust (whether executed for the same
<br />Or different purposes than the foregoing);
<br />let any guaranty of obligations of other parties given to Lender now or hereafter executed that refers to this Deed of Trust;
<br />(d) future advances, whether obligatory or optional, to the some extent as If Diego cnntemporad .... ly whir the execution of this Dead of
<br />Trust, made or extended on behalf of Grantor or Borrower. Grantor agrees that if one of the Obligations is a line of credit, the lien of this
<br />Dead of Trust shall continue until payment in full of all debt due under the line notwithstanding the fact that from time to time (but before
<br />lerminotiun of the Inn.) no balance may be outstanding. At no time during the term of this Dead of Trust or any extension thereof shall the
<br />unpaid and uutslanding secured principal future advances, not including sums advanced by Lender to protect the security of this Deed of
<br />Trust, exceed the following Gordon t: 5 ea 150 d i This provision shall net constitute an obligation upon or commitment of Lender
<br />to make additional advances of loans to Grantoq and
<br />let all amendments, extensions, renewals, modifications, replacements or substitutions to any of the foregoing.
<br />As used is this Paragraph 1, the terms Grantor antl Borrower shall Include and also mean any Grantor or Borrower if more than one.
<br />2. REPRESENTATIONS, WARRANTIES AND COVENANTS. Grantor represents, warrants and covenants to Lender that:
<br />(a) Grantor has fee simple marketable title to the Property and shall maintain the Property free of all Icons, security Interests, encumbrances
<br />and claims except for this Dead of Trust and those described in Schedule Be which is attached to this Deed of Trust and incorporated herein
<br />I, reference, which Grainer agrees to pay and perform is a timely manner,
<br />if) Grantor is in compliance m ell respects with all Npplcublo federal, state and local lawa and regulations. Including, without limitation,
<br />those relating to "Hazardous Materials," as defined herein, and other a antal natters (the "Environmental Laws ") , antl neither it c
<br />federal government any other governmental or quasi yDv, ....Dentalubiddy has filed a lien on the Property, nor are there any
<br />governmental, judicial or administrative actions with respect to anvimamental matters pending, or to the best of the Grantor's knowledger
<br />threatened, which Involve the Property Neither Grantor nor, to the best of Grantors knowledge, any .,her party has usetl, generated,
<br />ordered, discharged, .,.,ad, or disposed of any Te,cu ens Materials ae defined barrel, In connection with the Property or traulPmed any
<br />Hazardous Materials to or from the Properly. Grantor shall not commit or permit such actions to be taken in the future. The term
<br />"Hazardous Materials" shall mean any substance, material, or waste which Is or becomes regulated by any governmental authority
<br />DiAuding, but not limited to, (I) petroleum; TO triable or oonfridne asbestos; Biel polychlorinated biphenyls; Irv) those subs'mnoea, materials
<br />or wastes designated as a "hazardous substance" pursuant to Section 311 of the Clean Water Act or listed pursuant to Section 307 of the
<br />Clean Water Act or any amendments or replacements to these statutes; vl those substances, materials or wastes defined as a "hazardous
<br />waste" pursuant to Section 1004 of the Resource Conservation and Recovery Act or any amendments or replacements to that statute; and
<br />(oil those substances, materials or wastes defined as a "hazartlous substance" pursuant to Section 101 of the Comprehensive
<br />Environmental Response, Compene,hum antl Liability Act, or any amendments or replacements to that statute or any other sirealar slate or
<br />federal statute, rule, regulation or ordinance now or hereafter in effect. Grantor shall not lease or permit the sublease of the Properly to a
<br />tenant or subtenant whose operations may result in contamination of the Property with Hazardous Materials or toxic substances;
<br />rrSbut Inal Rn.. rrse e+s. r h e
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